Aberdeen’s recent report looks at how network security strategies are being adapted to provide traditional prevention at the edge, augmented by enhanced detection and response capabilities at the core.
Network Security in the Financial Services Sector
The Financial Services Data Centre is in Transformation, in the Drive for Flexibility and Cost Effectiveness
Aberdeen’s research on the transformation of the typical enterprise data centre confirms that most organisations have generally been eager to gain the flexibility and cost-effectiveness of virtualisation and cloud computing – but also shows that they have continued to be cautious about giving up visibility and control, particularly over matters of risk, data security and regulatory compliance.
Organisations in the financial sector are leveraging virtualisation and outsourcing of IT services as part of their drive for consolidation and greater operational efficiency, as well as their flexible, consumer-orientated focus.
At the same time it is clear that outsourcing the activity does not outsource responsibility for how it is done. In the financial services sector, the transformation of the enterprise data centre creates new stresses on traditional approaches to security.
The Financial Services Sector is (Always) Under Attack, Which Places it Perpetually in the Vanguard for Security
Industry sources that illustrate the extent to which the financial services sector is perennially under attack are abundant, but the basic point is that the risk of security-related attacks on the financial services sector remains high. In addition, their increasing web and mobile presence gives financial institutions an even greater surface area for attack.
The Financial Services Sector is Highly Regulated, Which Combines Security with the Complexity of Compliance
The financial services sector is required to deal not only with transformational technologies and ever-evolving attackers, but also with the relentless requirements from a complex array of auditors and regulators who are in place to oversee how they do it.
This challenge must be executed simultaneously in several dimensions, including:
– The wide variety of data to be protected
– The large number of regulatory regimes to be satisfied
– The broad range of technical security controls from which to choose
How Financial Services Network Security Strategies are Being Adapted: Prevention at the Edge, Augmented by Enhanced Detection and Response at the Core
Aberdeen’s research confirms that traditional, protection-orientated approaches to information security are being agented with enhanced capabilities to detect and respond more quickly to indicators of compromise. Organisations are increasingly aware that prevention can’t be successful 100% of the time, and they are therefore putting themselves in a position to detect, respond and recover from security-related incidents more quickly when they do occur.
With specific reference to network security:
– Prevention has traditionally been implemented at the edge
– Detection and response capabilities are typically implemented at the core
As this augmented and enhanced strategy emerges, capabilities that become especially important (for organisations in the financial services sector to look for from their network security solution providers), include:
– Real time performance
– External treat intelligence and analytics
– Incidence response capabilities
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